13-12-2023 Nifty and Banknifty Index Chart

Note: 

Enter the trade by seeing a big volume 4th candle if going upward, then the target will be yesterday's low swing. Set the target price (current premium + target point). I traded the first move in Banknifty and booked a profit. I drew this trendline that if reaches bank nifty, I will take a call, There is trendline support and 22 moving average support, but I missed it.

Note:

I was bullish because It is near position-building support and going in higher high formation and high volume bank nifty 09:35 candle, 11:35 Nifty candle. 

Note:

Nifty also came on position building support at 02:00 p.m. This is the area of profit booking. It creates a flag pattern. and after 40 minutes. It gives a flag pattern breakout. I drew the pattern but did not trade it.

Profit made +4000